Dimensional Fund Advisors LP Cuts Stake in United Rentals, Inc. (URI)

Dimensional Fund Advisors LP reduced its position in United Rentals, Inc. (NYSE:URI) by 10.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 659,180 shares of the construction company’s stock after selling 78,651 shares during the quarter. Dimensional Fund Advisors LP’s holdings in United Rentals were worth $67,587,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stephens Inc. AR purchased a new position in shares of United Rentals in the 4th quarter worth about $1,097,000. Financial Counselors Inc. boosted its holdings in shares of United Rentals by 7.0% in the 4th quarter. Financial Counselors Inc. now owns 13,884 shares of the construction company’s stock worth $1,424,000 after purchasing an additional 911 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in shares of United Rentals by 50.6% in the 4th quarter. Westside Investment Management Inc. now owns 12,627 shares of the construction company’s stock worth $1,295,000 after purchasing an additional 4,241 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of United Rentals by 1.6% in the 4th quarter. Northern Trust Corp now owns 938,889 shares of the construction company’s stock worth $96,264,000 after purchasing an additional 15,034 shares in the last quarter. Finally, Court Place Advisors LLC boosted its holdings in shares of United Rentals by 51.5% in the 4th quarter. Court Place Advisors LLC now owns 30,185 shares of the construction company’s stock worth $3,095,000 after purchasing an additional 10,255 shares in the last quarter. Hedge funds and other institutional investors own 83.24% of the company’s stock.

In other United Rentals news, CFO Jessica Graziano sold 547 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $123.36, for a total value of $67,477.92. Following the completion of the sale, the chief financial officer now owns 11,247 shares in the company, valued at approximately $1,387,429.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael Kneeland sold 84,431 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $131.23, for a total value of $11,079,880.13. Following the completion of the sale, the director now owns 276,295 shares of the company’s stock, valued at approximately $36,258,192.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 249,020 shares of company stock valued at $31,757,626. Company insiders own 1.00% of the company’s stock.

Shares of URI stock opened at $118.49 on Friday. The stock has a market cap of $9.32 billion, a P/E ratio of 7.29, a P/E/G ratio of 0.36 and a beta of 2.56. United Rentals, Inc. has a 1-year low of $94.28 and a 1-year high of $173.00. The company has a debt-to-equity ratio of 3.31, a current ratio of 0.77 and a quick ratio of 0.71.

United Rentals (NYSE:URI) last issued its earnings results on Wednesday, April 17th. The construction company reported $3.31 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.21. The company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.05 billion. United Rentals had a return on equity of 41.52% and a net margin of 12.91%. United Rentals’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.87 EPS. As a group, equities research analysts expect that United Rentals, Inc. will post 19.67 EPS for the current fiscal year.

A number of research firms have recently issued reports on URI. ValuEngine upgraded United Rentals from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 24th. Morgan Stanley upped their price objective on United Rentals from $168.00 to $176.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Northcoast Research reiterated a “neutral” rating on shares of United Rentals in a report on Monday, April 22nd. Standpoint Research cut United Rentals from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. Finally, Zacks Investment Research upgraded United Rentals from a “hold” rating to a “buy” rating and set a $143.00 target price for the company in a report on Wednesday, January 30th. Two analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $156.91.

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United Rentals Profile

United Rentals, Inc, through its subsidiaries, operates as an equipment rental company. It operates in two segments, General Rentals; and Trench, Power and Fluid Solutions. The General Rentals segment rents general construction and industrial equipment, including backhoes, skid-steer loaders, forklifts, earthmoving equipment, and material handling equipment; aerial work platforms, such as boom lifts and scissor lifts; and general tools and light equipment comprising pressure washers, water pumps, and power tools.

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Institutional Ownership by Quarter for United Rentals (NYSE:URI)

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